Form 4: Epsilon Energy Director Boosts Stake via Dividend

Epsilon Energy Ltd. Director Jason Stankowski acquired 1,670 common shares through a dividend equivalent right, increasing his direct beneficial ownership to 44,471 shares.

Summary

• Jason Stankowski, a Director of Epsilon Energy Ltd. (EPSN), reported a change in beneficial ownership.
• On January 13, 2026, Mr. Stankowski acquired 1,670 common shares.
• These shares were acquired as a dividend equivalent right at a price of $0 per share.
• Following this transaction, Mr. Stankowski directly beneficially owns 44,471 common shares.
• Additionally, he indirectly beneficially owns 334,726 common shares through accounts managed by Clayton Partners LLC, where he serves as a portfolio manager.
• Mr. Stankowski disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director, even through a dividend equivalent right, generally signals continued engagement and a minor positive sentiment regarding the director's ongoing stake in the company.

Positives

• A Director, Jason Stankowski, increased his direct beneficial ownership in Epsilon Energy Ltd. by 1,670 common shares.
• The acquisition was through a dividend equivalent right, indicating participation in company distributions and continued engagement.

Negatives

• No explicit negative information is contained within this Form 4 filing.

Risks

• The reporting person, Jason Stankowski, disclaims beneficial ownership in the indirectly held securities (334,726 common shares) except to the extent of his pecuniary interest, which could imply a limited personal stake in a significant portion of the reported holdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Mr. Stankowski disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Industry Context

This insider transaction report is specific to Epsilon Energy Ltd. and its director's holdings. It does not provide information to analyze broader industry trends or competitive landscape.

Comparison to Industry Standards

• This filing reports an individual insider transaction and does not contain information suitable for comparison to global benchmarks, comparable companies, projects, or results.

Related Party Transactions

• The indirect beneficial ownership of 334,726 common shares through Clayton Partners LLC, where Jason Stankowski is a portfolio manager, represents a relationship that is disclosed in the context of beneficial ownership.

Stakeholder Impact

• Shareholders: May view the director's increased direct ownership, even through a dividend, as a minor positive signal of continued alignment with shareholder interests.

Next Steps

• The filing does not mention any specific future actions, events, or milestones.

Key Dates

Keywords

Epsilon Energy Ltd., EPSN, Jason Stankowski, Director, Insider Transaction, Form 4, Beneficial Ownership, Common Shares, Dividend Equivalent Right, Clayton Partners LLC